weekly shipping market report week 16...weekly shipping market report - pg. 3 week 16 (10th apr to...

WEEKLY SHIPPING MARKET REPORT - pg. 1

Week 16 (10th Apr to 16th Apr 2020)

Bulkers

No sales to report this week.

Tankers

Limited S&P transactions for the wet sector. Indonesian buyers Waruna, who bought last month the MR1 “Baltic Commodore” 37/2003 Hyundai Mipo, Korea at USD 8,4 mill, are now acquiring Handytankers’ two-year-younger “Esther” 37/2005 Hyundai Mipo, Korea (SS/DD 04/2020) at a price of USD 8 mill. Moreover, Moller AP are selling M/T “Ribe Maersk” 35/2004 Guangzhou, China (DD 01/2022) to Indonesian buyers for region USD 8 mill.

Baltic Indices

INDEX 16-Apr 9-Apr ± (%)

BDI 726 635 14,33%

BCI 887 541 63,96%

BPI 821 813 0,98%

BSI 411 441 -6,80%

BHSI 281 306 -8,17%

Daily T/C Avg 16-Apr 9-Apr ± (%)

Capesize $ 9.223 $ 6.762 36,39%

Kamsarmax $ 7.392 $ 7.315 1,05%

Panamax $ 6.056 $ 5.979 1,29%

Supramax $ 4.522 $ 4.852 -6,80%

Handysize 38 $ 5.063 $ 5.509 -8,10%

INDEX 16-Apr 9-Apr ± (%)

BDTI 1.102 1.114 -1,08% BCTI 877 816 7,48%

-1.000

0

1.000

2.000

3.000

4.000

5.000Bulkers

B.D.I B.C.I B.P.I. B.S.I. B.H.S.I.

0

400

800

1.200

1.600

2.000

Tankers

BDTI BCTI

WEEKLY SHIPPING MARKET REPORT WEEK 16



Capesize

Iron ore rates on the West Australia / China route continued throughout

Week 16 at the level of mid usd 4,00’s fio. No period activity to report here.

Kamsarmax / Panamax

A number of Indonesian trips into China were reported at around usd

5,000/6,000 pd levels. A number of Australian trips into China were reported

at around usd 6,000/7,000 pd levels. Indian trips into China via South

America were reported at the level of usd 10,000/11,000 pd. Mediterranean

trips into China via Black Sea were fixed around usd 16,000 pd.

Mediterranean trips into Continent via South America were reported at the

level of usd 4,000/5,000 pd. Continental trips into China via Baltic were fixed

around usd 17,000 pd. South American trips into Continent were reported

at the level of usd 10,500 pd. South American trips into China were fixed

around usd 13,000/13,350 pd plus ballast bonus at the usd 300K/335K. No

period activity to report here.

Ultramax / Supramax

A number of Indonesian trips into China were reported at the level of usd

3,500/4,000 pd. Mediterranean trips into South America via Black Sea were

fixed around usd 4,500 pd for first 45 days and usd 9,000 pd thereafter. Usd

6,000 pd for first 40 days on a Supramax for 5/8 months employment basis

delivery in the Pacific and usd 8,000 pd for balance.

Handymax / Handysize

No fixture reported for this segment. No period activity to report here.

0

5.000

10.000

15.000

20.000

25.000

30.000

$/d

ay

Capesize

0

4.000

8.000

12.000

16.000

20.000

$/d

ay

Panamax

4.000

6.000

8.000

10.000

12.000

14.000

$/d

ay

Supramax

4.000

6.000

8.000

10.000

12.000

14.000

$/d

ay

Handysize 38k

DRY BULK COMMENTARY



Tankers

Type Name Dwt YoB Yard SS M/E Price Buyer Comments

MR Esther 36.939 2005 Hyundai Mipo,

Korea 04/2020 B&W $ 8m

Indonesian

(Waruna)

MR Ribe Maersk 34.806 2004 Guangzhou, China 02/2024 B&W Region

$ 8m Indonesian

Small Kappa Sea 6.308 2012 Chongqing

Dongfeng, China 06/2022 MaK $ 5m

Chinese

(Sinopec)

Small Armonia 6.295 2012 Chongqing


Small Amazona 6.284 2012 Chongqing


MPP / General Cargo

Type Name Dwt YoB Yard SS M/E Gear Price Buyer Comments

General

Cargo

G. O.

America 5.538 1999

Qingshan,

China Overdue MAN 2x40T $ 0,815m Chinese Auction sale

REPORTED SALES



Indicative Demolition Prices

Country Price $/ldt

Bu

lke

rs

India -

Bangladesh -

Pakistan -

Turkey -

Tan

kers

India -

Bangladesh -

Pakistan -

Turkey -

Demolition Sales

Type Vessel Dwt YoB Ldt Price $/ldt Country Comments

180

200

220

240

260

280

300

$/l

dt

Tankers

Turkey

180

200

220

240

260

280

300

$/l

dt

Bulkers

Turkey

320

340

360

380

400

420

440

460

$/l

dt

Tankers

India Bangladesh Pakistan

320

340

360

380

400

420

440

460$

/ld

t

Bulkers

India Bangladesh Pakistan

DEMOLITION



Bulk Carriers

Units Dwt Yard Delivery Price Owner Comments

4 325.000 Yangzijiang, China 2021 $ 75m Chinese (Bocomm Lease)

Tier III, LNG ready, BB Charter to KMarin against 25 years COA

to Vale

Tankers

Units Dwt Yard Delivery Price Owner Comments

2 300.000 Samsung, Korea 2022 $ 105m Malaysian (AET) LNG fueled, T/C to

Total

Gas

Units Cbm Yard Delivery Price Owner Comments

5 160.000 Zvezda, Russia 2022/2025 Undisclosed Russian (Novatek) LNG, Dual fueled

1 84.000 Kawasaki, Japan 2021 Undisclosed Japanese (Lino Kaiun

Kaisha)

Option declared, LPG fueled, T/C to

Equinor

NEWBUILDING



0

10

20

30

40

50

22,517

95,5

16,512

8

27

20

139,5

3023

50

27

21

13

Mill

ion

US$

BulkersCapesize

Kamsarmax

Panamax

Ultramax

Supramax

Handysize

Prompt Resale 5 years 10 years 15 years

0

20

40

60

80

100

120

4031

2012

5642,5

3119

70

5337,5

23,5

102

77

52

35

Mill

ion

US$

Tankers

VLCC

Suezmax

Aframax

MR

Prompt Resale 5 years 10 years 15 years

Bulkers Tankers

Size Age Week

16 Week

15 ± %

Size Age

Week 16

Week 15

± %

Capesize 180k Resale 50 50 0,00% VLCC 310k Resale 102 102 0,00%

Capesize 180k 5 years 27 27 0,00% VLCC 310k 5 years 77 77 0,00%



Kamsarmax 82k Resale 30 30 0,00% Suezmax 160k Resale 70 70 0,00%

Kamsarmax 82k 5 years 23 23 0,00% Suezmax 160k 5 years 53 53 0,00%

Panamax 76k 10 years 13 13 0,00% Suezmax 150k 10 years 37,5 37,5 0,00%

Panamax 74k 15 years 9,5 9,5 0,00% Suezmax 150k 15 years 23,5 23,5 0,00%

Ultramax 63k Resale 27 27 0,00% Aframax 110k Resale 56 56 0,00%

Ultramax 61k 5 years 20 20 0,00% Aframax 110k 5 years 42,5 42,5 0,00%

Supramax 58k 5 years 16,5 16,5 0,00% Aframax 105k 10 years 31 31 0,00%

Supramax 56k 10 years 12 12 0,00% Aframax 105k 15 years 19 19 0,00%

Supramax 52k 15 years 8 8 0,00% MR 52k Resale 40 40 0,00%

Handysize 38k Resale 22,5 22,5 0,00% MR 51k 5 years 31 31 0,00%

Handysize 37k 5 years 17 17 0,00% MR 47k 10 years 20 20 0,00%

Handysize 32k 10 years 9 9 0,00% MR 45k 15 years 12 12 0,00%

Handysize 28k 15 years 5,5 5,5 0,00%

INDICATIVE PRICES



Currencies Currency 15-Apr 9-Apr ± (%)

EUR / USD 1,0910 1,0930 -0,18% USD / JPY 107,46 108,49 -0,95%

USD / KRW 1.217,19 1.220,01 -0,23% NOK / USD 0,0951 0,0977 -2,66%

Commodities Commodity 15-Apr 9-Apr ± (%)

Brent Crude (BZ) 27,69 31,48 -12,04% WTI Crude Oil (WTI) 19,87 22,76 -12,70%

Natural Gas (NG) 1,60 1,73 -7,51% Gold (GC) 1.740,20 1.752,80 -0,72%

Copper (HG) 2,29 2,27 0,88% Wheat (W) 540,50 557,50 -3,05%

1,06

1,08

1,10

1,12

1,14

1,16

EUR / USD

10

20

30

40

50

60

70

80

$/b

bl

Oil PricesBrent Crude

WTI Crude

KEY INDICATORS



Stock Prices – Shipping Companies

Company Stock Exchange 15-Apr 9-Apr ± (%) Diana Shipping Inc (DSX) NYSE 1,74 1,41 23,40% Euroseas Ltd (ESEA) NASDAQ 2,27 2,13 6,57% Eagle Bulk Shipping Inc (EGLE) NASDAQ 1,76 1,87 -5,88% Navios Maritime Holdings Inc (NM) NYSE 2,23 2,04 9,31% Navios Maritime Partners LP (NMM) NYSE 7,22 5,80 24,48% Star Bulk Carriers Corp (SBLK) NASDAQ 6,02 5,68 5,99% Seanergy Maritime Holdings Corp (SHIP) NASDAQ 0,14 0,14 0,00% Safe Bulkers Inc (SB) NYSE 1,05 1,15 -8,70% Golden Ocean Group Ltd (GOGL) NASDAQ 3,44 3,29 4,56%

Stock Prices - Wet

Company Stock Exchange 15-Apr 9-Apr ± (%) Capital Product Partners LP (CPLP) NASDAQ 7,39 7,73 -4,40% TOP Ships Inc (TOPS) NASDAQ 0,23 0,29 -20,69% Tsakos Energy Navigation Ltd (TNP) NYSE 2,75 2,82 -2,48%

Stock Prices - Other

Company Stock Exchange 15-Apr 9-Apr ± (%) Danaos Corp (DAC) NYSE 4,63 4,41 4,99% StealthGas Inc (GASS) NASDAQ 2,06 1,99 3,52% Rio Tinto PLC (RIO) NYSE 46,02 47,66 -3,44% Vale SA (VALE) NYSE 8,26 8,50 -2,82% Archer-Daniels-Midland Co (ADM) NYSE 35,49 37,58 -5,56% BHP Group Ltd (BHP) NYSE 38,41 39,51 -2,78%

SHIPPING INDICATIVE SHARE VALUE



ADVANCED SHIPPING & TRADING S.A.

Vouliagmenis Avenue 168, 1st Floor,

Glyfada 16674, Greece

Tel: +30 210 30 03 000

Fax: +30 210 30 01 305

Sale & Purchase Department: Capt. Fountoglou Michalis Mob: +30 6947 70 07 18 Thermos Stavros Mob: +30 6944 24 20 20

Harrington James Mob: +44 7768 10 45 33

Papoutsis George Mob: +30 6951 00 51 65

Balpakakis Manolis Mob: +30 6955 47 77 72

Chrousalas Thanasis Mob: +30 6955 47 77 73

Landrakis Stelios Mob: +30 6955 47 77 74

Bilias Tasos Mob: +30 6955 47 77 71

Kontaratos Alkis Mob: +30 6949 19 11 79

Markoutsa Nela Mob: +30 6959 99 85 10

Roussos Pantelis Mob: +30 6955 19 57 42

Mylona Irini Mob: +30 6951 97 60 02

Grigoriou Nikos Mob: +30 6948 03 69 79

Operations Department:

Katsouli Fotini Mob: +30 6942 54 23 57

Chief Executive Consultant:

Capt. Galonis Dimitrios Mob: +30 6945 55 36 81

E-mail: [email protected]




Dry Cargo Chartering Department:

Pittas Jordan Mob: +30 6944 05 27 46

Benetos Kostas Mob: +30 6943 29 32 13

Filippis Dimitris Mob: +30 6977 98 47 32

Paraskevopoulou Mina Mob: +30 6983 05 77 81

Dienis Angelos Mob: +30 6945 64 97 73

Ploumpis Stefanos Mob: +30 6951 00 24 36

Drakas Steve Mob: +30 6944 32 60 21

Petrou Viky Mob: +30 6983 32 55 69

Research Department:

Avdikos Alexandros Mob: +30 6979 49 91 78

Liadi Ioanna Mob: +30 6946 75 59 10

Liadi Artemis Mob: +30 6956 58 41 49

Accounting Department: Stergiou Kostas Mob: +30 6942 09 73 10 Administration Department: Chronopoulou Fenia Mob: +30 6932 34 94 50

“ THINK BIG ” Legal Disclaimer The information contained herein has been obtained by various sources. Although every effort has been made to ensure that this information is accurate, complete and up-to-date, Advanced Shipping & Trading S.A. does not accept any responsibility whatsoever for any loss or damage occasioned or claimed, upon reliance on the information, opinions and analysis contained in this report. Research compiled by: Advanced Shipping & Trading S.A. Market Research on behalf of the Sale & Purchase, Dry Cargo Chartering and Tanker Chartering Departments. For any questions, please contact: [email protected]

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weekly shipping market report week 16...weekly shipping market report - pg. 3 week 16 (10th apr to...

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